ChainLink (LINK/USDT) – 1H Technical Analysis
- Demand Zone ($14.94 - $14.50): A key support area where buyers previously stepped in, making it a potential reversal zone.
- Resistance Area ($17.26): A significant supply zone where price has faced selling pressure. A breakout above this level could indicate bullish continuation.
- Current Price ($15.44): Trading near support; a strong bounce from the demand zone could lead to a move toward resistance.
- Volume & Trend: Volume remains active, suggesting market interest. A reaction from the demand zone will determine short-term price action.
Outlook: Watch for bullish confirmation in the demand zone for a potential rebound toward $17.26. A breakdown below $14.50 could invalidate the setup.
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- Demand Zone ($14.94 - $14.50): A key support area where buyers previously stepped in, making it a potential reversal zone.
- Resistance Area ($17.26): A significant supply zone where price has faced selling pressure. A breakout above this level could indicate bullish continuation.
- Current Price ($15.44): Trading near support; a strong bounce from the demand zone could lead to a move toward resistance.
- Volume & Trend: Volume remains active, suggesting market interest. A reaction from the demand zone will determine short-term price action.
Outlook: Watch for bullish confirmation in the demand zone for a potential rebound toward $17.26. A breakdown below $14.50 could invalidate the setup.
If you enjoy, press the like button.
Trade active
Note
Trade activated from 15.10$.Note
BUY NOW 14.40$, SL 14$ , TARGETS AHEAD .Trade closed: stop reached
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💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.